Guideline Value for 80 Feet Road

80 Feet Road guideline value

The current guideline value of 80 Feet Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Saligramam village, under the Virugambakkam SRO, and is classified as Commercial Special Type - II.

How the guideline value of 80 Feet Road has changed

The guideline value for 80 Feet Road has seen several revisions over the years. In 2002, the value was Rs 819 per sq.ft, which increased to Rs 895 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,100 per sq.ft in 2007, marking an increase of 135%. In 2012, the value was Rs 8,000 per sq.ft, which represented a decrease of 33% from the previous revision. The value then increased to Rs 5,360 per sq.ft in 2017, a rise of 49% from 2012. The most recent revision in 2023 set the value at Rs 8,000 per sq.ft, which was then increased to Rs 8,800 per sq.ft in 2024, reflecting a change of 10%.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 974%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft as of 2024. The median guideline value for the village is Rs 4,400 per sq.ft, placing 80 Feet Road's current value above this median.

• 100 Feet Road: Rs 13,190 per sq.ft (2024)
• Yerikkarai Street: Rs 3,300 per sq.ft (2024)
• Yegambaram Street: Rs 3,300 per sq.ft (2024)
• West Mada Street: Rs 3,300 per sq.ft (2024)
• V.V.Koil Street: Rs 3,300 per sq.ft (2024)
• V.P.Dasarathan Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in 80 Feet Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers 80 Feet Road?

The Sub Registrar Office that covers 80 Feet Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Saligramam

The guideline value is a crucial factor when buying or selling property in Saligramam, as it determines the amount of stamp duty and registration fees that must be paid. Buyers should be aware that the guideline value is used as a benchmark for these charges, which are calculated based on the property's size and the current guideline value per sq.ft.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the area's market conditions. It is essential for both buyers and sellers to understand how this value impacts their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of 80 Feet Road?

The current guideline value of 80 Feet Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 819 in 2002 to Rs 8,800 in 2024, reflecting an overall increase of 974%.

What are the stamp duty and registration fees for properties on 80 Feet Road?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees amount to Rs 7,92,000.

Which Sub Registrar Office is responsible for 80 Feet Road?

The Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, covers 80 Feet Road.

What is the land classification for 80 Feet Road?

The land classification for 80 Feet Road is Commercial Special Type - II.